OppenheimerFunds Offers New Program to Advisors Serving High Net Worth Families

Firm Embraces Concept of “Whole Family Advice” to Help Families Define their Legacies

March 1, 2017

NEW YORK – OppenheimerFunds, a leading global asset manager, has enhanced its offering to advisors serving the needs of high-net-worth (HNW) clients. The firm has engaged Legacy Capitals, a leading provider of advice and education to wealthy families and their advisors, to deliver hands on coaching and tools advisors can use to better serve HNW multi-generational families.

Legacy Capitals is partnering exclusively with OppenheimerFunds to deliver a proprietary offering of original intellectual capital and training for financial advisors, bankers and RIAs, including more than 20 workshops across the United States. Training for wealth advisors will include real-life engagement tips and tools to help them successfully differentiate their practices in the marketplace, deepen their relationships with existing clients and their families, as well as acquire new HNW households. Advisors will gain practical guidance on how to prepare families for the transfer of wealth across generations by helping them navigate complex conversations about their wealth, values and desired legacy.

“Families today are relying more than ever on the wealth advisors who serve them. Our singular focus is to provide these firms the resources and support they need to help their clients’ reach their long-term objectives,” said John McDonough, Head of Distribution and Marketing, OppenheimerFunds. “Families of wealth in particular require highly customized solutions, and our partnership with Legacy Capitals is a natural extension of the robust practice management tools we offer through our CEO Advisor Institute.”

“Being a successful advisor to high-net-worth families requires engaging and advising the entire family, including spouses, children and grandchildren. Advisors must adjust their approach from one-to-one, to one-to-family if they want to help their clients achieve the financial legacy they desire.” said Ned Dane, Head of Private Client Group, OppenheimerFunds. “Our extensive research on HNW millennials has shown us they want a voice in the management and legacy of their family’s wealth, alongside their parents. Helping the whole family plan for the successful transfer of wealth is not only best for the growth of their clients’ assets—it helps ensure they remain a trusted advisor for generations to come.”

OppenheimerFunds’ Private Client Group serves the highly specialized needs of private bank, bank trust, and family office professionals. The firm offers a broad array of resources and solutions to help private wealth firms achieve their clients’ goals. The firm’s investment strategies span the full range of global asset classes and vehicles.

“While many advisors are comfortable with financial discussions, they may be less so in preparing the family emotionally and philosophically when it comes to their assets,” said Richard Orlando, Ph.D., founder and CEO of Legacy Capitals. “These workshops will help advisors serve the qualitative planning needs of their clients, helping them prepare families for their assets, rather than simply preparing the assets for the family. We look forward to working with OppenheimerFunds to empower advisors to help families truly thrive and prosper across generations.”

Programs will be held in NY, Miami, Chicago, Baltimore, Houston and San Francisco, among other locations.

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OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 28, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 15 investment management teams specialize in equity, fixed income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs. For more information on the firm, visit oppenheimerfunds.com.

Legacy Capitals is a leading provider of training, coaching, and consulting services on topics such as wealth and values transfer, preparing the rising generation, family governance, legacy planning, and family philanthropy to financially successful families and family businesses, wealth advisors, family offices, and financial institutions.

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Legacy Capitals is a leading provider of training, coaching, and consulting services on topics such as wealth & values transfer, preparing the rising generation, family governance, legacy planning, and family philanthropy to financially successful families & family businesses, wealth advisors, family offices, and financial institutions.